Equus Mining Limited announces a placement and Corporate Debt Facility

Equus Mining Limited (ASX: EQE) announced that it had received firm commitments to raise AU$1,545,500 via a placement. The placement comprised the issue of approx. 12,755,000 new shares to institutional and sophisticated investors and 2,700,000 shares to company directors at a price of AU$0.10 per share. The issue price represents a 10.79% discount to the 5-day VWAP of the EQE’s shares traded on the ASX.

In addition to the placement, the company also announced that it had signed a binding agreement with Tribeca Global Resources Credit Pty Ltd. Under the agreement, Tribeca will provide the company with a 2 year, US$2,200,000 Corporate Debt Facility. The funds raised via placement and CDF will support the exploration as well as resource evaluation at the Cerro Bayo Project and the working capital requirement.

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